6 Tips for Beating the Pension Poverty Line
Pension poverty is a growing concern for Australians. According to statistics published by Forbes Magazine recently, a staggering 35.5% of Australian retirees are living in poverty. The poverty rate in people aged 65 or older is higher in Australia than it is in most other OECD countries in the world. The same set of statistics […]
Tips for Finding Growing Suburbs for Your Next Investment Property
It’s common for many property investors to ask which suburb will be the best one for them to buy a rental property. Most people seek to invest in growing suburbs. They want to know they’ll get good value for their money and the potential for healthy capital growth in the future. Of course, no one […]
A Few Tips to Managing Your Investment Property
Your rental property is an investment for your financial future which can be positively or negatively affected by numerous important factors including the type of tenants you attract, the maintenance and management of the property, achieving the right rental yield and selecting the right landlord’s insurance.
What is Debt to Income Ratio?
Debt to Income ratio is a term that lenders use to determine the serviceability of the loan. This ratio identifies how much of your monthly income is applied towards the payment of ongoing debts such as credit card payments, personal debt, mortgage repayments or car loans. It is your total monthly debts divided by your […]
Is the Cheapest Interest Rate the Best Deal for You?
It’s quite normal for many people to hunt for the cheapest interest rate they can find for their mortgage. After all, a lower interest rate can mean lower repayments. However, with all the hype about cheap interest rates at the moment, it’s easy to get swept up and locked into a loan with a low […]
Things to Look for in a Low-Maintenance Property
There has been a distinct shift in preference for home buyers over to low-maintenance properties in recent years. Not everyone has the time or inclination to spend all their free time attending to chores around the home. After all, working on maintenance and chores means less time to enjoy leisure activities, so it makes sense […]
Are you Disclosing All Your Liabilities?
When you enquire about or apply for for a loan, it is important you give 100% accurate information regarding your current financial situation. You need to make sure you advise your lender or mortgage broker about all your debts, including any credit cards, personal loans, store cards, rental arrangements (radio rentals), HECS debts, and any […]
Tips for Reaching Your Savings Goals Faster
Saving money for a big-ticket item, like a home or a new car or that dream holiday, can seem like it will take forever. Even many of the savings tips available seem to advise you to cut back on all of your spending and live like a scrooge until you achieve your goal. However, you’ll […]
Is it possible to reduce your tax payments when Investing in Property?
Like it or not taxes are a part of the property landscape. It doesn’t matter if you are an investor or a home buyer, we get slugged. The biggest whack of the stick is a tax called stamp duty. The state governments issue this tax, therefore the amount and the way it’s implemented vary from […]
Maximising Your Depreciation
It’s common for many property investors to assume their accountant will automatically claim all of the deductions available for their rental property. However, if your investment property was constructed after 1985, your accountant isn’t allowed to estimate your construction costs. The tax office identify licensed Quantity Surveyors as being properly qualified to estimate your construction […]